#ATUL :
Fundametal view :
1. the company has strong financials under chemcial sector.
2. the comapny is almost debt free.
3. giving good profit growth consistenlty.
4 ROE and ROCE is above 20.
5. slowly promoters increasing thier stake in the comapny.
Technical view:
1. RSI is below 50 and taking support on 40 level if it breaks, more pain is there.
2. true strength indicator show weakness in the chart and treded near 0 level.
3. important support level of 8800 is broken. hence we can see weakness from these level .
so according to my point of view the company has strong fundamentals. but for short term we can see consolidation in the stock.
stock is good to accumulate near 7000-7100 level.
disclaimer : this is my personal view only for educational purpose. i might have this stock in my portfolio. please do research your own or can consult with your financial advisor before investing and trading.
